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Wal-Mart should not be banned in India
No Wal-Mart should not be banned in India. In fact it should be encouraged in other countries too. I am sure it is going to be an asset to our country. Walmart should not be banned also because Wal-Mart bills everything they sell and the billed money goes to taxation.
Tough competition for retailers Also, Walmart is coming here for the consumers like us. Lets make use of it. Walmart squeezes the best deal from manufacturers and passes the benefit to consumers, so I think it is an asset. Competition in the market is always good for consumers. There was no competition in post liberal era and we all can see the fruits of opening up of our markets, in form of the growth.
Tell me a local store where the owner will bill you a genuine bill so that you can make sure that a part of your money went to the government for development?
Entry of Wal-Mart into Indian market may actually prove a boon to local producers also if Walmart decides to procure inventory locally. At least the Government of India must stipulate Wal-Mart to procure at least a certain percentage of their inventory from the local markets.
Walmart will bring with it best practices to reduce the costs of operating a retail store. It is valuable information for the Indian retailers to learn. To compete with Walmart, local retailers will have to innovate. This will help the whole industry. The market is increasingly becoming global and now we have international competition all over the world.
Employment potential Lots and lots of employment potential will also be created. This increases the competition among the retail players, which is very good for the consumers/common man.
In favor of consumers One more point in favor of globalization and hence the entry of Walmart in India is that it increases competitiveness among business houses thereby providing the end consumer with many choices. You can choose what to buy at the price you like. If you don't like the price or the product, you buy elsewhere.
We need global markets to enter in our country, so it is benefited by so many people. If the company comes to India, so many people will be benefited like employment in that stores and easy access to people to buy under one roof and you can get quality food.
Walmart is a good thing for the country. Retail business is still very unorganized in India.
So my dear friend, competition in any industry will only help get things better. We always had these kinds of superstores. Something like Big Apple, Subhiksha, 365, but no one actually succeeded in providing goods at reduced prices. Once Walmart enters the Indian market, these stores might learn the process and come up with streamlined processes and hence might give a stiff competition to Walmart. They will have the advantage of knowing the local market better.